Broadridge Launches Next-Gen Global Asset Servicing Solution

Broadridge Financial Solutions, a provider of business intelligence for the asset management industry, announced the launch of its next-generation global asset servicing solution on Sunday.

According to the statement, the solution, which was developed with a global tier-one bank for global asset servicing, aims to address the key industry, business, and operational challenges.

Specifically, the firm highlights the inefficient processes currently used in asset servicing, stating they increase operational risks and reduce a company’s ability to control costs. By automating processes, such as announcements, notifications, elections and more, Broadridge’s solution can mitigate these risks, the statement said.

Broadridge Solution Offers a Streamlined Process on a Single Platform

The solution has now been Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term and Software as a Service (SaaS)-enabled. By completely automating the asset servicing lifecycle, the solution is able to streamline corporate actions, dividend and coupon processing across different asset classes. In addition, because the solution offers everything through a centralized platform, users can view, manage and report across portfolios all in a single place.

Commenting on the solution, Tom Carey, the President of Broadridge Global Technology and Operations said: "The number of corporate actions is increasing across global markets – each one navigating a complex network of intermediaries and custodians."

“With fragmented systems and regulatory pressures increasing processing challenges, financial institutions need a modern solution that simplifies their architecture, streamlines the operations and improves Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term."

"Our industry-leading solution – designed by users for users – simplifies the technology of our capital markets clients and helps their back-office functions drive real business and operational value."

Broadridge is part of the S&P 500 Index and provides its technology-driven solutions to institutional clients ranging from banks to broker-dealers, asset managers and corporate issuers.

The firm’s global asset servicing solution is already being deployed by global firms, which the statement states, is replacing multiple silo systems used by these companies which span across investment bank, wealth and asset management lines.